September 3，China Youth Travel Service announced，Recently，Beijing CYTS Chuange Technology 188bet online sports betting., Ltd. applied for a comprehensive bank credit line of RMB 50 million from China CITIC Bank 188bet online sports betting., Ltd. Beijing Branch。The company signed the "Maximum Guarantee Contract" with China CITIC Bank 188bet online sports betting., Ltd. Beijing Branch，Provide guarantee for the bank’s comprehensive credit line of RMB 50 million。where，Beijing Zhongshengyi Management Consulting 188bet online sports betting., Ltd. serves as a minority shareholder of Beijing CYTS Chuangge Technology 188bet online sports betting., Ltd.，Provides counter-guarantee for this guarantee based on 10% of the equity it holds in CYTS Chuange。

According to the announcement，Beijing CYTS Chuange Technology Co., Ltd.，is a 90%-controlled subsidiary 188bet online sports betting，Registered capital 10,0 million yuan。Business scope includes Internet information services business；Retail domestic edition books、Electronic Publication；Technology Development、Technology transfer、Technical consultation、Technical Service；Goods import and export、Technology Import and Export、Import and export agent, etc.。As of June 30, 2021，Total assets 21.1.8 billion yuan，Total liabilities 18.6.4 billion yuan，Asset-liability ratio 88.03%，Total current liabilities 18.6.4 billion yuan，Net worth 2.5.3 billion yuan。Achieve operating income of 18 in the first half of 2021.6.6 billion yuan，Net profit 1831.520,000 yuan。

As understood，As of the disclosure date of this announcement，The total external guarantee provided by the listed company and its holding subsidiaries is RMB 43.2.1 billion yuan，Accounting for 68% 188bet online sports betting’s 2020 annual audited net assets.30%。

where，The company’s holding subsidiary Wuzhen 188bet online sports betting Co., Ltd. provides a guarantee of RMB 19 for its joint-stock subsidiary Tongxiang Puyuan 188bet online sports betting Co., Ltd..6 billion yuan，Accounting for 30% of the company’s audited net assets in 2020.98%；Business practices of Wuzhen 188bet online sports betting Co., Ltd. and its subsidiaries in accordance with bank policies and real estate development and sales，Provide phased joint liability guarantee amount of RMB 32 to buyers of its real estate projects who meet the loan conditions,129.620,000 yuan，Accounting for 5% of the company’s audited net assets in 2020.08%；The total amount of guarantees provided by the company for its controlled subsidiaries is RMB 20.4 billion yuan，Beijing CYTS Chuange Technology Co., Ltd., a holding subsidiary of the company、Zhongqing Bolian Integrated Marketing Consulting Co., Ltd. applied for a guarantee for comprehensive credit business from the bank，As well as the guarantee provided by the company's controlled subsidiary CYTS Shanshui Hotel Group Co., Ltd. for its wholly-owned subsidiary Xinhua CYTS Shanshui Hotel Co., Ltd. to apply for a loan from the bank，32% of the company’s 2020 annual audited net assets.24%。